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Treasury Secretary nominee Janet Yellen calls for “big” action at Senate confirmation hearing – CBS News

Incoming Senate Finance Committee Chairman Ron Wyden said he hopes the full Senate can vote on Yellen’s confirmation on Thursday.

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Janet Yellen, President-elect Joe Biden’s nominee for Treasury Secretary, called for “big” action on the COVID-19 pandemic and economic crisis at her Senate confirmation hearing Tuesday. The Senate held confirmation hearings on Tuesday for Yellen and more key members of Mr. Biden’s Cabinet.
“Economists don’t always agree, but I think there is a consensus now: Without further action, we risk a longer, more painful recession now — and long-term scarring of the economy later,” Yellen argued.
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